The market has pulled back after the crazy bull rally. Besides, the correction is the best time to add potential coins that will be winners in the next up-leg. In this market condition, scripts are available at a lower level, which reduces the risk. Three tokens, Solana, Cutoshi, and Bonk, have shown immense strength and have the potential to grow going forward.
Solana Breaks Down 20-Day Moving Average, Dip Buying Opportunity?
SOL, the native token of the Solana blockchain, has shown remarkable growth this year. It surged over 263% year-to-date and cemented its place as a major player in the crypto market. On the other hand, it has fallen behind its peers. It lost its third position to Ripple in the last few days, revealing some weakness compared to other altcoins.
The recent dip in SOL’s price reflects the post-rally fatigue impacting other prominent altcoins. Starting the month on a rough note, SOL has declined by 6.72% in the last seven days. That pushed the price below $230.
This pullback seems to be a healthy and natural correction, creating the space for SOL’s next upward move. The Relative Strength Index (RSI) hit overbought levels above 80, which is the clearest correction signal. It has now been dropped to the neutral zone, around number 50. This shift may soon herald the correction’s end; hence, SOL might stabilize before the next possible rally.
Bonk Reclaims the Top Ranking in Solana Meme Coins
The price of Bonk has surged back from the previous selling pressure. Moreover, it has started to rise to become the most important meme coin on the Solana blockchain with positive sentiment. This sentiment has taken the price from $0.000038 and again retraced from $0.000048. The capitalization of Bonk has also increased and overtaken the one of Dogwifhat (WIF). Thus, it became the biggest meme coin on the Solana blockchain.
BONK is showing signs of a substantial upward rebound with a significant bullish trend. That’s because it’s trading above the very important 50-day and 200-day EMAs. The Fibonacci levels also show the probability of an upward chase, especially if the $0.00005 resistance level is surpassed.
Cutoshi Attracts Whales and Institutional Investors in 4th Stage of Token Presale
Cutoshi’s meme project hit the $1 million milestone sooner than expected, thanks to growing momentum fueled by its rapid developments and increased investor interest due to its unique positioning in the market. The presale has raised over $1.27 million in just a month, drawing more investors and accelerating its progress.
Cutoshi aims to build more than a gaming-focused ecosystem. Inspired by the Chinese Lucky Cat and Satoshi Nakamoto’s vision, it offers financial freedom through a decentralized exchange (DEX), yield farming, engaging group quests, utility-driven NFTs, and more.
The project stands out with a multi-chain DEX for smooth digital asset swaps, a crypto academy for learning, and a farming system that rewards users for joining community events. True to its meme coin roots, Cutoshi is also rolling out merchandise like hoodies, beanies, phone cases, and more, with discounts for purchases made using CUTO tokens.
The presale, now in its fourth stage, prices each CUTO token at $0.031. Cutoshi is gaining significant attention in the crypto world, positioning itself as more than just a meme coin. With real utility and a strong foundation, it’s shaping into a promising long-term investment.
For more information on the Cutoshi (CUTO) Presale:
Join and become a community member:
https://t.me/cutoshi
The post Looking For The Next Altcoin Sensation? Find The Top Tokens With Great Potential appeared first on The Coin Republic.
